N.Y. Bus. Corp. Law § 1208

Current through 2024 NY Law Chapter 553

Section 1208 - Penalty for concealing property from receiver

Any persons having possession of property belonging to the corporation, who shall wrongfully withhold such property from the receiver after the day specified in the notice given under section 1207 (Duties of receiver upon appointment), shall forfeit to the receiver double the value of such property, and the same may be recovered in an action by the receiver.

N.Y. Bus. Corp. Law § 1208